🔴 Snowflake is trading 4.1% down today after investors took profits following earnings rally

Snowflake is trading 4.1% down now at $342.00 after investors took profits following its 16.55% surge on September 3.

• The pullback follows the company’s strong earnings-driven rally, rather than a negative Snowflake announcement.
• August payrolls significantly exceeded expectations, lifting Treasury yields and September rate-hike odds.
• The broader pressure is weighing on rate-sensitive, high-growth software valuations.